Sino Land Full-Year Results a Small Miss on Lagging Performance of Rental Assets
Sino Land’s full-year result for fiscal 2018 came in slightly below our estimates. Excluding the gain on disposal and revaluation gains, underlying attributable profit was HKD 5.4 billion, down 2% year on year. This is slightly below our projection of HKD 5.7 billion. Underlying EPS including the disposal gain was HKD 1.72 per share, about double the amount seen a year ago. The company declared a final dividend of HKD 0.40 per share, bringing full-year dividend to HKD 0.53 per share, unchanged y...Sino Land is an investment holding company. Co.'s segments include: property sales, property rental, property management and other services, hotel operations, investments in securities, and financing.
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